Searches And Hires
The search is being conducted due to the closure of one of the retirement system’s investments.
The retirement fund disclosed eight commitments totaling $1.1 billion in July.
The retirement system conducted a similar search in 2018 that resulted in a manager change.
The hire concludes an RFP process that began in January.
The university recently added core fixed-income allocations with an existing manager as part of its goal to divest its portfolios from fossil fuel exposures.
The pension plan hired two infrastructure managers as the result of a newly approved asset allocation policy in the second quarter.
The city is seeking non-discretionary investment advisory services for its $300 million in investment portfolios.
The foundation issued an RFP in the fourth quarter of 2024 as it sought a discretionary firm that could help align its investments with its mission.
At least one client will explore alternative options next month.
The city is seeking a single firm for record keeping and administration services across its 457(b), 401(a) and retirement health savings plans.